Telegram Launches $500M RWA Fund on TON Blockchain

Telegram, a popular messaging app, is stepping into decentralized finance (DeFi) with a new initiative. The Open Network (TON) Foundation has recently partnered with Libre, a company focused on tokenizing real-world assets, to create a new $500 million bond fund. 

This new initiative is called the Telegram Bond Fund. It offers a fresh way for investors to invest in traditional bonds using the TON blockchain, bringing traditional finance into the world of crypto.

Telegram to Use Blockchain to Offer Traditional Bond

The Telegram Bond Fund marks TON’s first major move into the growing sector of real-world asset tokenization (RWA). The new fund brings part of Telegram’s existing bonds onto the blockchain. Telegram currently has over $2 billion in outstanding bonds. 

This move allows institutional and accredited investors to access traditional financial assets using a decentralized platform. The fund is designed to support Telegram’s current and future bond offerings in a way that follows financial rules and uses trusted blockchain tools.  

How the System Works

Libre’s infrastructure makes this possible. The company’s system is built to let investors use tokenized bonds as collateral in decentralized finance platforms. This opens the door for developers on TON to create new financial products that use these real-world bonds to generate returns.  

Investors can subscribe to the bond fund using regular fiat currencies or stablecoins. They can also manage their bond investments directly through wallets built into the TON blockchain. This makes it easier for people to interact with the system in a user-friendly and secure way.

The new fund shows how traditional finance can work with blockchain technology. By working together, TON and Libre bring real-world financial products to the digital space.  

The Role of Libre’s Gateway System

Libre is building a new system called Gateway. This system will handle important tasks such as subscriptions, redemptions, and fund transfers. It is designed in several stages to ensure it follows all rules and is easy to use.  

This setup allows investors worldwide to access real-world assets safely through a digital platform. Libre already has experience in this field. The company has tokenized over $200 million in assets and runs several active funds that hold millions of dollars in well-known financial products.